Anatomy of an ATM scam

We've come to think of financial scammers as computer savvy. A recent string of ATM thefts seems to confirm that: The ring benefited from some hacking that stole card and PIN data as it moved between ATMs and third party processors, Bank Technology News notes. This is a serious issue, one that the industry needs to tighten up on. First Bank of St. Louis lost about $5 million via bad ATM transactions within just 24 hours. The pursuit of the main thief, however, was not strictly a high-tech endeavor. The man was photographed at three locations making large withdrawals and wearing the exact same shirt. The accused thief was also traced via his ICQ ID number to a website, which featured a picture of him wearing the same shirt--it must be his lucky shirt. The man was nothing, if not brazen.

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